The Asia Eight

Daily must-reads from the world’s most dynamic region

April 22, 2021

1 BIG PICTURE: India economy faces 2-year Covid setback

2 ATF TV: Indexing green energy and transport innovation

3 ASIA MARKETS: Stocks climb amid virus flare-up concern

4 NEWS: US Congress united in its call to confront China

5 NEWS: Virus outbreak to cost Thailand '$3bn a month'

6 NEWS: Australia to grow renewables, dump China mine

7 NEWS: Foxconn downsizes its Wisconsin tech hub plans

8 NEWS: Chevron and Toyota form hydrogen economy JV

01 Big Picture

India economy faces 2-year Covid wave setback

The deadly second wave threatens to set the Indian economy back to the level it was at in 2019 and spur more mass poverty; employment soaring, rural areas worst hit

02 ATF TV Capturing green innovation in one index

ATFI’s Global Green Energy Transport and Technology Leaders Index reflects changes in one of the world’s most important new markets, explains ATF Executive Editor Umesh Desai in Hong Kong and ALLIndex chief executive Christian Kronseder in Switzerland

03 Asia Markets Stocks climb but virus flares eyed

India’s surging cases slams currency, oil prices; geopolitics weigh on mainland China markets; earnings season to keep markets volatile

04 US united against China

New Senate bill to confront China has bipartisan backing; European Union and India may join forces to respond to China's Belt and Road Initiative

05 Virus reduces Thai GDP

Analysts have cut growth forecasts for this year, but most concern now centres on the country's slow vaccine rollout and whether the humanitarian crisis in Myanmar will cause a refugee spillover on the border that complicate efforts to suppress Covid

06 Oz green energy pledge

International partners are expected to invest between three and five times the amount Canberra plans to spend on the research and pilot programmes

07 US tech hub downsized

Hon Hai Precision to reduce its planned investment in Wisconsin to $672 million from $10 billion and slash number of new jobs to 1,454 from 13,000

08 Chevron, Toyota in H JV

Joint venture aims to combine carmaker's decades of experience in developing fuel-cell electric technology with oil major's deep resources in energy sector